Beacon Harbor Wealth Advisors Inc. Invests $12.83 Million in iShares Silver Trust $SLV

Beacon Harbor Wealth Advisors Inc. acquired a new position in iShares Silver Trust (NYSEARCA:SLV) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 188,264 shares of the exchange traded fund’s stock, valued at approximately $12,828,000. iShares Silver Trust comprises 2.7% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also recently bought and sold shares of SLV. TBH Global Asset Management LLC increased its stake in shares of iShares Silver Trust by 1.5% in the fourth quarter. TBH Global Asset Management LLC now owns 6,820 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 104 shares during the period. Westside Investment Management Inc. boosted its position in shares of iShares Silver Trust by 23.4% during the fourth quarter. Westside Investment Management Inc. now owns 686 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 130 shares during the period. JNBA Financial Advisors grew its holdings in iShares Silver Trust by 1.2% in the 4th quarter. JNBA Financial Advisors now owns 10,737 shares of the exchange traded fund’s stock worth $692,000 after buying an additional 132 shares in the last quarter. SouthState Bank Corp grew its holdings in iShares Silver Trust by 29.6% in the 4th quarter. SouthState Bank Corp now owns 648 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 148 shares in the last quarter. Finally, Swisher Financial Concepts Inc. increased its position in iShares Silver Trust by 0.8% in the 1st quarter. Swisher Financial Concepts Inc. now owns 17,731 shares of the exchange traded fund’s stock valued at $1,208,000 after acquiring an additional 148 shares during the period.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $53.95 on Friday. The business’s fifty day moving average price is $63.28 and its two-hundred day moving average price is $69.82. The company has a market capitalization of $28.81 billion, a P/E ratio of -8.51 and a beta of 0.49. iShares Silver Trust has a 1-year low of $33.10 and a 1-year high of $109.83.

About iShares Silver Trust

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.